Redmond Asset Management LLC Has $527,000 Stock Holdings in Roper Technologies, Inc. $ROP

Redmond Asset Management LLC lessened its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 4.1% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 930 shares of the industrial products company’s stock after selling 40 shares during the quarter. Redmond Asset Management LLC’s holdings in Roper Technologies were worth $527,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Freedom Day Solutions LLC acquired a new stake in shares of Roper Technologies during the 1st quarter worth about $1,808,000. Tandem Investment Advisors Inc. lifted its stake in shares of Roper Technologies by 49.9% during the 1st quarter. Tandem Investment Advisors Inc. now owns 98,229 shares of the industrial products company’s stock worth $57,914,000 after buying an additional 32,694 shares during the last quarter. Stephens Investment Management Group LLC lifted its stake in shares of Roper Technologies by 6.2% during the 1st quarter. Stephens Investment Management Group LLC now owns 28,102 shares of the industrial products company’s stock worth $16,568,000 after buying an additional 1,635 shares during the last quarter. Eos Management L.P. lifted its stake in shares of Roper Technologies by 41.3% during the 1st quarter. Eos Management L.P. now owns 11,759 shares of the industrial products company’s stock worth $6,933,000 after buying an additional 3,435 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. lifted its stake in shares of Roper Technologies by 52.0% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 2,652 shares of the industrial products company’s stock worth $1,564,000 after buying an additional 907 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analyst Ratings Changes

ROP has been the subject of several analyst reports. Jefferies Financial Group dropped their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd. Truist Financial set a $650.00 price objective on shares of Roper Technologies in a research note on Friday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Roper Technologies in a research note on Wednesday, October 8th. Royal Bank Of Canada cut shares of Roper Technologies from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $644.00 to $539.00 in a research note on Monday. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $541.00 price objective (down previously from $577.00) on shares of Roper Technologies in a research note on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and a consensus price target of $577.83.

Roper Technologies Price Performance

Shares of NASDAQ:ROP opened at $456.16 on Wednesday. The firm has a 50 day moving average of $509.70 and a 200-day moving average of $541.90. The stock has a market capitalization of $49.09 billion, a PE ratio of 31.44, a PEG ratio of 2.22 and a beta of 1.00. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46. Roper Technologies, Inc. has a 12 month low of $455.71 and a 12 month high of $595.17.

Roper Technologies (NASDAQ:ROP) last issued its earnings results on Thursday, October 23rd. The industrial products company reported $5.14 EPS for the quarter, beating the consensus estimate of $5.11 by $0.03. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Roper Technologies had a net margin of 20.34% and a return on equity of 10.92%. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the company earned $4.62 EPS. Roper Technologies has set its Q4 2025 guidance at 5.110-5.160 EPS. FY 2025 guidance at 19.900-19.950 EPS. On average, equities research analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 3rd were given a $0.825 dividend. The ex-dividend date was Friday, October 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.7%. Roper Technologies’s payout ratio is presently 22.74%.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.